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Tag: Tesla

Elon Musk’s $56bn Tesla pay package is too much, judge rules | Elon Musk

A Delaware judge on Tuesday ruled in favor of investors who challenged billionaire Elon Musk’s $56 billion compensation package for Tesla as excessive, according to a court filing. . A judge found that Musk’s compensation had been improperly set by the electric car maker’s board of directors and rescinded his compensation. If the decision survives […]

Judge voids Elon Musk’s $56B Tesla pay package: ‘An unfathomable sum’

A Delaware judge on Tuesday ruled that billionaire Elon Musk’s $56 billion payout to Tesla may be voided, adding that the payout was “not calculated.” He said the amount was “an unknown amount” and was unfair to shareholders. “The plaintiff has the right to request an annulment,” the judge said in his ruling. The court’s […]

Tesla erases language about minority workers after Elon Musk’s diversity rant

Tesla’s latest Securities and Exchange Commission filing reveals minority groups after CEO Elon Musk criticized its diversity efforts, calling them “literally the definition of racism.” Deleted language regarding workers. In Monday’s 10-K filing, a comprehensive report on Tesla’s activities during 2023, the electric car maker ditched a line it used a year ago: Our efforts […]

Tesla recalls 200,000 vehicles with software-related rearview display issue

Constellation Research founder R 'Ray' Wang analyzes Tesla and reveals his favorite Magnificent Seven stocks on 'Varney & Co'. Tesla is recalling approximately 200,000 2023 model vehicles because their rear-view cameras may not display images when reversing. The National Highway Traffic Safety Administration (NHTSA) said in a statement that the electric vehicle maker traced the […]

Tesla loses $50B in value as stock plummets following Q4 earnings

Tesla stock fell more than 9% in early trading on Wall Street on Thursday, a day after the world's most valuable electric car maker reported flat fourth-quarter profits and warned of growth in 2024. A total of $50 billion was blown away. It can be significantly lower. ” Chief Executive Officer Elon Musk, who owns […]

Driver can take a Tesla Cybertruck for a spin for $1,000 per day

Tesla Cybertruck owners are allowing drivers to test drive the popular electric vehicle, but it comes at a hefty price. On Turo, a car-sharing platform considered the Airbnb of automobiles, proud Cybertruck owners who have spent more than $80,000 on their stainless steel SUVs are offering fees of more than $1,000 per day to those […]

Tesla stock dives after earnings, warns of ‘slower growth’

Nicholas Wealth Management President and Founder Reveals Which Big Tech Stocks Will Explode on 'Berney & Co.' Tesla's fourth-quarter results, released after the closing bell on Wednesday, fell short of Wall Street expectations, sending the stock down more than 5% in extended trading. The electric vehicle giant's sales rose 3% to $25.17 billion, falling short […]

Tesla shares drop after warning of slower volume growth in 2024

Elon Musk's Tesla on Wednesday reported a decline in fourth-quarter gross profit margin from a year earlier as the company offered price cuts and incentives to boost demand for electric vehicles. Tesla has warned that sales growth will slow sharply this year compared to last year. “As our teams work to launch next-generation vehicles at […]